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Park News - (11/27/07) According to CNN Money, the new Universal Studios South Korea project will end up costing $3.1 billion by the time it opens in 2012. A location has apparently been picked in Hwaseong in Gyeonggi Province about 20 miles from Seoul.
  (11/2/07) According to this news story the new Universal Studios Korea park will feature several unique attractions that tie into Korean films when it opens in 2012. This is being as a way to distinguish the park as a unique attraction with different offerings than what you will find at Universal Studios Japan. The final location for the park has not yet been chosen but USK Property Holdings (who has the exclusive rights to operate the park) announced that Korea Development Bank and Shinhan Bank have joined the consortium of companies that also include POSCO Engineering & Construction and Korea Investment & Securities to build the park.
  (5/23/07) In the middle of a story about the just announced Universal Studios park planned for South Korea, there is a brief mention about how the planned MGM Studios park in South Korea was aborted when land prices spiked in the area where they wanted to build it. This is the first news I’ve heard about the MGM park being dead, in fact last I heard things were ramping up under the veil of secrecy.
  (5/22/07) According to the Reuters, Universal Parks and Resorts have signed a deal with a South Korea company to build a Universal Studios theme park and resort in the country. According to Thomas L. Williams, chairman and Chief Exec of Universal Parks & Resorts, “Korea has grown into an attractive market in many necessary and critical aspects for a theme park and resort development in terms of income, population, consumer interest and growth of the entertainment industry.” So far this year, this is the third new international Universal Studios theme park project announced after Singapore and Dubai. The plan is to open the new park by 2012.